If SS and Medicare are paid for

If SS and Medicare are paid for

Posted in the Bellefontaine Forum

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Debbie

Canton, OH

#1 Dec 17, 2012
If SS and Medicare are paid for why have Obama and boehner agreed to cut the programs?

Since: Feb 11

Location hidden

#2 Dec 17, 2012
Good question. We'll have to see how this all plays out. I haven't seen any numbers yet.

Since: Oct 10

Loveland, OH

#3 Dec 17, 2012
Within the SSi lockbox are IOUs. Assume you don't have enough money in one pocket - we'll call that the spending pocket. There's alot of money in the other pocket which we'll call SSi. You take the money from the SSi pocket and leave an IOU and then you put it in your "spending" pocket, but not for long. You spend it so now both pockets are empty (except of course for the IOU in the SSI pocket). The SSi pocket has to have money put back in it quickly, actually even more than was taken out of it because there are more people needing money from the SSi pocket.

You then go to your local lender (China) and because your credit is good, you're able to borrow money; but, your on the brink of having so much debt which you can't repay that you are becoming an adverse risk. When that point comes the only person who will lend you money is will be like a payday lender; thus you need to address the debt issue.

In order to avoid that the 1st idea was more revenue (tax increase); however, for every one dollar owed the increase in revenue amounted to about .08 cents which really doesn't do much at all.

Now, as individual citizens if our credit card debt get so high, worst case scenario we declare bankruptcy and for 7 years we have to pay a premium for credit and in some cases can't get it. Governments default but in essence the same thing occurs and if we can't borrow money we can't fund programs such a defense, programs for the poor and less advantaged, etc.

Now, if this tale was to long, lets condense it - we're spending to much, any money in the SSi is an IOU, its future is in doubt because it is unsustainable and unless we find a way to get control of spending, economic law will do it for us in a very harsh way hurting alot of folks in the process.

Since: Dec 12

Location hidden

#4 Dec 17, 2012
Oprative word there thud if your credit is good.

Sad to see the state we are in. Never thouht I would see it in my lifetime.

Since: Oct 10

Loveland, OH

#5 Dec 17, 2012
BilboBagginsTheHobbit wrote:
Oprative word there thud if your credit is good.
Sad to see the state we are in. Never thouht I would see it in my lifetime.
Agreed...what's even more concerning is some don't seem to believe its even a problem. A favorite saying now adays is paying forward. I don't think it was ever intended to occur on a credit card.
Debbie

United States

#6 Dec 18, 2012
So according to our boy Rush, the democrats are holding the middle class tax cuts hostage.

Since: Nov 12

Location hidden

#7 Dec 18, 2012
Talks over the fiscal cliff have accelerated since Boehner made an offer Friday to raise tax rates on income over $1 million and to delay a fight over the government’s borrowing limit in exchange for significant cuts to health and retirement programs.

On Monday, it became clear that the two sides are extremely close on the broad outlines of the deal that has eluded them for much of the past two years. Boehner’s latest offer calls for $2 trillion in savings over the next decade, half from higher taxes and half from cuts to the fast-growing health and retirement programs that are the federal government’s largest expense. All told, Obama’s latest offer calls for about $2.15 trillion in savings.__Washington Post

Since: Nov 12

Location hidden

#8 Dec 18, 2012
Rep. Donna Edwards (D-Md.), who organized 57 House Democrats to sign a letter last week urging Obama and congressional leaders to protect Social Security, nonetheless argued that adopting chained CPI would result in “serious benefit cuts for recipients, particularly for our seniors and the disabled.”
“You can’t tell me it’s balanced when the principal payees are seniors and the disabled,” Edwards said.
Washington Post

Since: Oct 10

Loveland, OH

#9 Dec 18, 2012
Debbie wrote:
So according to our boy Rush, the democrats are holding the middle class tax cuts hostage.
What middle class tax cut? If things stay the same that is no cut. The reality is what is being held hostage is have it his way or he'll raise taxes on everybody.

Since: Oct 10

Loveland, OH

#10 Dec 18, 2012
Michelle Shocked wrote:
Rep. Donna Edwards (D-Md.), who organized 57 House Democrats to sign a letter last week urging Obama and congressional leaders to protect Social Security, nonetheless argued that adopting chained CPI would result in “serious benefit cuts for recipients, particularly for our seniors and the disabled.”
“You can’t tell me it’s balanced when the principal payees are seniors and the disabled,” Edwards said.
Washington Post
So whose intrangedent here? Republicans who have said no tax increase or Democrats who refuse to cut spending?

Since: Dec 12

Location hidden

#11 Dec 18, 2012
Good info Michele and thud, dude dumb it down would ya? I had to look that word up and Im still not sure what it means

Since: Nov 12

Location hidden

#12 Dec 18, 2012
unwilling to change is the "regular people"definition. I had to look it up, also.

Since: Oct 10

Loveland, OH

#13 Dec 18, 2012
Don't feel bad - I had to look it up for the spelling. Every so often a word hidden in the deep recesses of some obscure brain cell pops out and I've got to grab it before it gets away.

I don't want to rain on the parade but to put it in perspective, if the numbers are correct, we're expected to spend something like 42 Trillion over the next decade. The reductions in spending amount to about .05% if my math is correct. Its a start but we're a ways from home.

Alice Rivlen, Bill Clinton's budget director notes that when spending surpasses revenue to a point where you cannot grow your way out of it, we are in a place we don't want to be.

Since: Dec 12

Location hidden

#14 Dec 18, 2012
Michelle Shocked wrote:
unwilling to change is the "regular people"definition. I had to look it up, also.
thanks girl.

oh shit u don't mind bein called that do u? its a habbit for me but ethel obviously hates it.

Since: Dec 12

Location hidden

#15 Dec 18, 2012
thud333 wrote:
Don't feel bad - I had to look it up for the spelling. Every so often a word hidden in the deep recesses of some obscure brain cell pops out and I've got to grab it before it gets away.
I don't want to rain on the parade but to put it in perspective, if the numbers are correct, we're expected to spend something like 42 Trillion over the next decade. The reductions in spending amount to about .05% if my math is correct. Its a start but we're a ways from home.
Alice Rivlen, Bill Clinton's budget director notes that when spending surpasses revenue to a point where you cannot grow your way out of it, we are in a place we don't want to be.
grab it before it gets away i like that. This alice rivlen is stating the obvious isnt she?

Since: Apr 12

Location hidden

#16 Dec 18, 2012
BilboBagginsTheHobbit wrote:
<quoted text>
thanks girl.
oh shit u don't mind bein called that do u? its a habbit for me but ethel obviously hates it.
Is this the comment you apologized for?!

Really?

Will you marry me? Lol!!

Since: Oct 10

Loveland, OH

#17 Dec 18, 2012
BilboBagginsTheHobbit wrote:
<quoted text>
grab it before it gets away i like that. This alice rivlen is stating the obvious isnt she?
Yea, but its always good to hear "the obvious" from both sides of the political spectrum.

“ +IAN, AMERICAN, OHIOAN, BELLE”

Since: Sep 11

Location hidden

#19 Dec 18, 2012
BilboBagginsTheHobbit wrote:
Oprative word there thud if your credit is good.
Sad to see the state we are in. Never thouht I would see it in my lifetime.
Doesn't suprise me a bit. Fundamentals never change. Spend more than you take in year-after-year, there will come a time when it's all over.
Debbie

West Salem, OH

#20 Dec 18, 2012
DON W SOUTH wrote:
<quoted text>
Doesn't suprise me a bit. Fundamentals never change. Spend more than you take in year-after-year, there will come a time when it's all over.
You require more than you put in.
Debbie

West Salem, OH

#21 Dec 18, 2012
thud333 wrote:
<quoted text>
What middle class tax cut? If things stay the same that is no cut. The reality is what is being held hostage is have it his way or he'll raise taxes on everybody.
The current rates are technically tax'cuts'. They will expire soon.

I pointed out an obvious lie from rush in my earlier post. The post you quoted

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